Vanguard Group Inc. increased its position in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 968,303 shares of the financial services provider’s stock after buying an additional 26,022 shares during the period. Vanguard Group Inc.’s holdings in MainSource Financial Group were worth $31,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advantage Investment Management LLC increased its position in shares of MainSource Financial Group by 757.9% in the first quarter. Advantage Investment Management LLC now owns 5,662 shares of the financial services provider’s stock worth $186,000 after buying an additional 5,002 shares during the period. Trexquant Investment LP increased its position in shares of MainSource Financial Group by 49.0% in the first quarter. Trexquant Investment LP now owns 9,686 shares of the financial services provider’s stock worth $319,000 after buying an additional 3,186 shares during the period. Independent Portfolio Consultants Inc. bought a new position in shares of MainSource Financial Group during the first quarter worth $363,000. American International Group Inc. increased its position in shares of MainSource Financial Group by 7.0% in the first quarter. American International Group Inc. now owns 14,193 shares of the financial services provider’s stock worth $467,000 after buying an additional 927 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of MainSource Financial Group by 92.5% in the first quarter. Advisors Asset Management Inc. now owns 27,091 shares of the financial services provider’s stock worth $892,000 after buying an additional 13,020 shares during the period. Institutional investors own 54.94% of the company’s stock.

Shares of MainSource Financial Group, Inc. (MSFG) traded up 0.15% during mid-day trading on Wednesday, reaching $34.02. 7,627 shares of the company’s stock were exchanged. The company has a market capitalization of $870.10 million, a PE ratio of 18.53 and a beta of 0.92. MainSource Financial Group, Inc. has a one year low of $21.91 and a one year high of $37.20. The company’s 50-day moving average price is $34.21 and its 200-day moving average price is $33.48.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. MainSource Financial Group had a net margin of 22.93% and a return on equity of 10.61%. The business had revenue of $49.04 million during the quarter, compared to analysts’ expectations of $46.40 million. On average, equities analysts expect that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current year.

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A number of brokerages recently weighed in on MSFG. Zacks Investment Research upgraded shares of MainSource Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods downgraded shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a research report on Friday, July 28th. BidaskClub downgraded shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Stephens downgraded shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th.

MainSource Financial Group Company Profile

MainSource Financial Group, Inc is a bank holding company. The Company operates a banking subsidiary, MainSource Bank (the Bank), an Indiana state-chartered bank. Through the Bank, the Company offers a range of financial services, including accepting time and transaction deposits; making consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, such as letters of credit and repurchase agreements.

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Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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